Allowed

Punjab National Bank v. Dalip Singh

DRT7 Sept 2026OA/1228/2025

Case brief

AI extract

What is this about?

The Tribunal allowed the applicant bank's application for recovery of ₹24,55,614/- with interest against two defendants who failed to appear despite service of summonses. The recovery, secured by mortgaged land, was authorized for sale and collection of proceeds.

What did the court decide?

Allowed recovery of ₹24,55,614/- with interest; Recovery Certificate issued; directed Recovery Officer to distribute sale proceeds of mortgaged land.

Punjab National Bank versus Dalip Singh — Contract and Commercial Disputes | DRT (2026)

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IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH

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BEFORE: A S NARANG, PRESIDING OFFICER

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OA No: 1228/2025

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Date of Institution: 13.07.2025 Date of Decision: 07.09.2026

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Punjab National Bank having its branches all over India and a branch at Ghasitpur, Distt. Gurdaspur, Punjab

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……..Applicant

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Dalip Singh s/o Sh. Fauja Singh VPO Kot Вakhta, Tehsil Batala, District Gurdaspur, Punjab.

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Parnit Kaur w/o Sh. Dalip Singh VPO Kot Вakhta, Tehsil Batala, District Gurdaspur, Punjab.

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……….Defendants

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Advocates

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Sh. Iqbal Mohd., Counsel for the applicant bank. Defendants- ex parte vide order dated 18.05.2026 .

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OA for the Recovery of ₹24,55,614/- with interest @11.50% per annum with half-yearly rests from 13.07.2025.

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ORDER

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Punjab National Bank has filed this application under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) for the recovery of ₹24,55,614/- with interest against Sh. Dalip Singh and another (defendants).

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Bank’s case is that on 17.04.2019, it had granted a loan of ₹16.00 Lacs to defendant Nos.1 and 2 in the form of K.C.C Limit for agricultural purpose. To secure the loan, Defendant Nos.1 and 2 had mortgaged their land (fully detailed in para No.3A of the application). The loan was chargeable to interest @11.50% per annum with halfyearly rests. Defendants had duly acknowledged their liability towards the debt on 26.10.2021 and 26.10.2024. On 17.04.2025, a sum of ₹24,55,614/- was due from the defendants. Despite repeated requests, defendants did not make the repayment. Hence, this application.

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On 07.08.2025, summonses were sent to the defendants by registered post, which were duly served. However, defendants did not put in appearance. Vide order dated 18.05.2026, they were proceeded ex parte .

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In order to prove its case, the Bank has placed on record the affidavit of Sh. Abhishek Shree, Authorized Officer along with the loan and security documents and marked them as Exhibit A-1 to A-14. 5. I have perused the evidence on the record. I am of the considered view that the Bank has proved its case that it had advanced the loan of ₹16.00 Lacs and on 17.04.2025, a sum of ₹24,55,614/- was due. 6. Accordingly, the application of the bank for the recovery of ₹24,55,614/- (Rupees Twenty Four Lacs Fifty Five Thousand Six Hundred Fourteen Only) with interest @11.50% per annum with halfyearly rests from 13.07.2025, till the date of payment is hereby allowed with costs. The liability of both the defendants would be joint and several. Bank can recover its dues by the sale of mortgaged land fully detailed in para No.3A of the application as well as from the personal movable and immovable property(ies) of the defendants. 7. Pending IAs, if any, stand disposed of. 8. Recovery Certificate be issued accordingly. 9. Parties are directed to appear before Recovery Officer on 07.10.2026, who is directed to distribute the sale proceeds of the mortgaged land and standing crops as per the provisions of Section 19(20-AB) of the Act . 10. A Copy of this order along with Recovery Certificate be sent to the Recovery Officer as well as the parties. Pronounced in the open Court. (A S Narang) Dated: 07.09.2026 Presiding Officer DRT-1, Chandigarh

Punjab National Bank v. Dalip Singh

Case brief

What is this about?

What did the court decide?

Punjab National Bank v. Dalip Singh

Case brief

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What did the court decide?

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